Saxo Capital Markets, the UK arm of Saxo Bank, has recruited two veterans of the trading and broking sector, Richard Balarkas and David Gelber, to its board, as part of its efforts to tackle increasing complexities in the trading sector.

The addition as non-executive directors of electronic trading veteran Balarkas, who was chief executive of agency broker Instinet Europe from 2008 to 2012, and Gelber, a former operating chief at interdealer broker Icap and in HSBC's global markets division, follows the recruitment in September 2014 of Anthony Belchambers, the founder of FIA Europe, formerly the Futures & Options Association, to the board, which he now chairs.